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Hohhot Petrochemical production and transportation project ready for trial operation

On July 30, CNPC Hohhot Petrochemical Companys 5 Mt/a expansion and upgrading project, which consists of 11 production units, supporting facilities, and storage and transportation system, is basically completed and ready for trial operation......【More】

2013-08-05

China's Tianjin Bohai PDH plant to get Algeria propane, second after UAE lot

Chinas state-owned Tianjin Bohai Chemical Industry (Group) will receive its second propane cargo, this time from Algeria, ahead of the scheduled start up of its new propane dehydrogenation, or PDH, plant, trade and shipping sources said Thu......【More】

2013-08-02

Rosneft ships additional oil supplies to China under new deal

Rosneft, Russias top oil producer, said on Wednesday it had started shipping additional oil supplies to China, following an agreement signed last month. Russia, the worlds top crude producer, is shifting oil flows from debt-stricken Europe......【More】

2013-08-01

CNPC takes the lead in Latin America

China National Petroleum Corporation (CNPC) has made significant investments in place of Venezuelas state owned oil company, Petroleos de Venezuela (PdV), which retreated from its international commitments following the death of Hugo Chavez......【More】

2013-07-31

Gas pipeline brings added benefits

The Myanmar section of a Myanmar-China natural gas pipeline, a project funded by companies from China, Myanmar, South Korea and India, was inaugurated in Mandalay yesterday as it began to deliver gas to China. Myanmar Vice President U Nyan......【More】

2013-07-30

CNPC announces closure of share purchase agreement with Eni

CNPC is pleased to announce that CNPC and Eni S.p.a. have closed their previously announced transaction which will see CNPC acquire shares of Eni East African. All conditions precedent requiring government and partner approvals have cleared......【More】

2013-07-29

Hess, PetroChina sign China's first shale oil deal

U.S. energy company Hess Corp (HES.N) has signed a production- sharing contract with PetroChina (0857.HK), Chinas first joint agreement to develop a shale oil block, the companies said on Wednesday. China, believed to hold the worlds larges......【More】

2013-07-26

Global petrochemicals market expected to reach US$791.05 bln by 2018

The global petrochemicals market was valued at US$472.06 bln in 2011 and is expected to reach US$791.05 bln by 2018, growing at a CAGR of 6.7% from 2012 to 2018. In terms of volume, the global petrochemicals consumption was 436.86 mln tons......【More】

2013-07-25

China's CNPC extends drive for overseas oil assets

Chinas state-owned oil and gas giant China National Petroleum Corp (CNPC) is stepping up its drive for overseas hydrocarbon assets with a flurry of deals in Latin America, Africa and Central Asia. Among CNPCs latest moves is a commitment to......【More】

2013-07-24

Sinopec to start operation of 800,000 tpa JV ethylene

Sinopec Corp will start operation of an 800,000 tpa joint venture ethylene complex with South Koreas SK Group by the end of July, as per a source in Reuters. China, keen to cut its import dependence on ethylene from near 50% currently, will......【More】

2013-07-23